SIFMA’s Municipal Securities Division announced today it will implement a new structure for its Master Agreement Among Underwriters (MAAU) for negotiated offerings of municipal securities by offering a signature page storage service. Participating firms will sign an acceptance letter to sign on to the multilateral SIFMA MAAU, and SIFMA will publish a list of firms that have accepted the terms of the MAAU on its website. SIFMA is also fully revising the MAAU for the first time in 16 years, and will release the new version in conjunction with the offering of this new structure.
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